CGBL vs. PAIIX
Compare and contrast key facts about Capital Group Core Balanced ETF (CGBL) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX).
CGBL is an actively managed fund by Capital Group. It was launched on Sep 26, 2023. PAIIX is managed by PIMCO. It was launched on Oct 1, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGBL or PAIIX.
Correlation
The correlation between CGBL and PAIIX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CGBL vs. PAIIX - Performance Comparison
Key characteristics
CGBL:
1.78
PAIIX:
1.93
CGBL:
2.41
PAIIX:
2.91
CGBL:
1.33
PAIIX:
1.39
CGBL:
3.04
PAIIX:
0.65
CGBL:
11.15
PAIIX:
8.00
CGBL:
1.62%
PAIIX:
0.73%
CGBL:
10.12%
PAIIX:
3.02%
CGBL:
-5.93%
PAIIX:
-14.76%
CGBL:
-1.43%
PAIIX:
-3.52%
Returns By Period
In the year-to-date period, CGBL achieves a 1.76% return, which is significantly higher than PAIIX's 0.10% return.
CGBL
1.76%
0.82%
7.77%
17.28%
N/A
N/A
PAIIX
0.10%
0.65%
2.17%
5.59%
0.51%
1.39%
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CGBL vs. PAIIX - Expense Ratio Comparison
CGBL has a 0.33% expense ratio, which is lower than PAIIX's 0.90% expense ratio.
Risk-Adjusted Performance
CGBL vs. PAIIX — Risk-Adjusted Performance Rank
CGBL
PAIIX
CGBL vs. PAIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Balanced ETF (CGBL) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CGBL vs. PAIIX - Dividend Comparison
CGBL's dividend yield for the trailing twelve months is around 1.89%, less than PAIIX's 4.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGBL Capital Group Core Balanced ETF | 1.89% | 1.93% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) | 4.16% | 4.17% | 2.25% | 1.65% | 1.03% | 1.53% | 3.76% | 1.79% | 2.09% | 2.25% | 4.19% | 6.38% |
Drawdowns
CGBL vs. PAIIX - Drawdown Comparison
The maximum CGBL drawdown since its inception was -5.93%, smaller than the maximum PAIIX drawdown of -14.76%. Use the drawdown chart below to compare losses from any high point for CGBL and PAIIX. For additional features, visit the drawdowns tool.
Volatility
CGBL vs. PAIIX - Volatility Comparison
Capital Group Core Balanced ETF (CGBL) has a higher volatility of 3.20% compared to PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) at 0.97%. This indicates that CGBL's price experiences larger fluctuations and is considered to be riskier than PAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.